Acc 291 week 2 quiz - Study guides, Class notes & Summaries

Acc 291 Week 2 Quiz Practice Question 01 Correct! Improvements to land are structural additions made to land, such as driveways, parking lots, fences, landscaping, and sprinklers. Land improvements are depreciated to allocate the cost to periods that benefit from the land improvements. Land improvements are depreciable assets. True False Practice Question 05 Correct! Land is not a depreciable asset. Land improvements, equipment, and buildings are depr...

Acc 291 Week 5 Quiz Practice Question 10 Which of the following is an operating activity? Sale of equipment Payment of a cash dividend Making a loan to another entity Payment of interest Correct! Investing activities include acquiring and disposing of investments and property, plant, and equipment, and lending money and collecting loans. Which is an example of a cash flow from an investing activity? Payment of cash to suppliers for inventory Re...